A client formed a parent company 6 months into their year end, as it is the first year we cannot extend the parent year end to match the subsidiary as the period would exceed 18 months by 24 days (!) and we don't wish to the extend the sub as the parent is effectively only a holding company and the sub has the appropriate year end. As it's a small group and consolidated accounts aren't required, is there anything to actually stipulate they must have the same ARD? Obviously intention would be to extend next year so they align if it's possible to file with different year ends this year? Otherwise obvious resolution is to shorten now but wanted to check first if this was necessary?
5th Jan 2022
Small group with different year ends
Can we file parent co accounts with a different ARD to the subsidiary as not required to consolidate
Share this content